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HYDROGEN PEROXIDE MARKET ANALYSIS

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HYDROGEN PEROXIDE MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Hydrogen Peroxide Market – Insights  Hydrogen peroxide (H​2​O​2​) is a colorless liquid slightly viscous than water and           bitter in taste at room temperature. Hydrogen peroxide easily decomposes into             water and oxygen. It undergoes spontaneous reaction when it comes in contact           with any organic material. Lower concentration of hydrogen peroxide (3-9%) is           used for medical applications and as a bleach for cloth & hair. Higher           concentrations (35%, 50%, 70%) are generally used in paper & pulp, textile,           chemical industries, and as a part of rocket fuel.Technological advancements in               the production of hydrogen peroxide is projected to drive growth of the market             in the near future. For instance, in January 2019, researchers at Ulsan Institute               of Science and Technology (UNIST, South Korea) announced that they           developed a new catalyst to produce hydrogen peroxide using electricity. The             researchers developed a high-performance carbon catalyst, which can convert       oxygen to hydrogen peroxide.                                                                                                                                                   

  2. Hydrogen percarbonate, which are further utilized as bleaching agents in detergent         manufacturing. Industry grade hydrogen peroxide is expected to witness       increasing demand among consumers due to large number of applications and         expansion of the paper and pulp industry across the world.    peroxide   is   used   to   make   sodium     perborate       and   sodium                                   Hydrogen peroxide is extensively used in various food applications, owing to its             biological degradability and remarkable chemical properties. It is the most       commonly used as oxidizing reagent for bleaching purpose in the food         processing industry. Hydrogen peroxide is majorly used in products such as       natural sugars, starches, gums, natural oils, and waxes among others. Hydrogen           peroxide is also used in food products such as cheese, whey, instant tea,             natural fatty acid emulsifiers, and herring.                                                                                    Stringent regulations imposed by agencies such as Occupational Safety and         Health Administration (OSHA) based on exposure of hydrogen peroxide is         expected to hamper the hydrogen peroxide market growth. Also, policies           implemented by regulatory agencies such as the Food & Drug Administration         (FDA), Environmental Protection Agency (EPA), and Registration, Evaluation,       Authorisation and Restriction of Chemicals (REACH) is expected to hinder         growth of the hydrogen peroxide market over the forecast period. For instance,           the U.S. Food and Drug Administration (FDA) warn consumers not to use highly             concentrated hydrogen peroxide such as 35% food grade hydrogen peroxide for         medicinal purposes.                                                                                                                  The global ​hydrogen peroxide market was pegged at 4,944.8 Kilo Tons in 2018           and is expected to register a CAGR of 3.4% in terms of volume over the forecast                 period (2019– 2027).                                  Among application, paper & pulp segment accounted for the largest market           volume share of 46% in the global hydrogen peroxide market in 2018. This               segment is expected to hold dominant position in the market over the forecast             period, owing to rising adoption of hydrogen peroxide as a clean oxidizing agent             by paper & pulp industries.                                                       

  3. Figure 1: Global Hydrogen Peroxide Market Share (%), By Application, 2018    Source: Coherent Market Insights, 2018  Asia Pacific region accounted for the largest market share of around 44.9% in             2018, owing to high demand & presence of hydrogen peroxide manufacturers in             the region. Local players operating in China, India, and South East Asia are             investing in hydrogen peroxide industry to tap potential local market. For         instance, In India, Meghmani Finechem Ltd (MFL) invested US$ 56 Mn for         expansion of existing projects and a new project at its facility in Dahej, Gujarat.             The company received funding for its projects through internal accruals and the             plant was commissioned by June 30, 2019.                                                                                                             

  4. Figure 2: Global Hydrogen Peroxide Market Share (%), By Region, 2018    Source: Coherent Market Insights, 2018  Major players operating in the global hydrogen peroxide market include Arkema             S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company,           Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co., Ltd.,           PeroxyChem LLC, Hansol Chemical, and Nouryon among others.                                  Key local players are investing into hydrogen peroxide market to meet rising             demand from consumers. For instance, in November 2018, Indian Peroxide         established its new hydrogen peroxide plant in Gujarat, India. The annual         production capacity of plant is 45 Kilo Tons and the plant will offer three             concentrations that are 35% Hydrogen Peroxide, 50% Hydrogen Peroxide & 70%           Hydrogen Peroxide. Moreover, the company is planning to invest US$ 103         Million in the next 3 to 5 years in India.                                                                                       

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